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business news

A throwaway comment in a conversation with Richard Branson hints at the future of Goldman Sachs (GS)

On Monday, Goldman Sachs announced that co-COO Harvey Schwartz would retire, setting the stage for David Solomon, his counterpart, to succeed Lloyd Blankfein as CEO. Reports suggest the transfer of power could come as soon as the end of this year. The position of Solomon, an unconventional Wall Street figure, …

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economy

Vladimir Putin’s hard-core daily routine includes hours of swimming, late nights, and no alcohol

Dmitry Astakhov/RIA Novosti Russian Government/AP • Vladimir Putin — who is expected to win his fourth presidential term in Russia’s upcoming spring election — sticks to a standard daily schedule. • As president of Russia, Putin has overseen the country’s slide back into authoritarianism, according to the Economist’s Democracy Index. …

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investments

Adrian Lamo, hacker who turned in Chelsea Manning, dies aged 37

Adrian Lamo, picture in Long Island, met Manning online in 2010 and eventually reported her to authorities. Adrian Lamo, the computer hacker who turned in whistleblower Chelsea Manning to law enforcement, has died at the age of 37, according to authorities in Kansas.

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business news

The Fed is stuck in a trap of its own making

Wall Street thinks Federal Reserve Chairman Jerome Powell could move toward holding press conferences at every policy meeting.  Currently, the Fed chairman speaks only after four of the central bank’s eight meetings, which has led markets to rightly suspect no actions will be taken on non-press conference meetings. Because markets …

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economy

Watch the first footage of the ‘Harry and Meghan’ movie and see the royal lookalikes

Jeff J Mitchell/Getty Images The Lifetime original movie about Prince Harry and Meghan Markle debuts on May 13. The first teaser trailer for the film has arrived.  Starring Parisa Fitz-Henley and Murray Fraser, the romantic tale seems dreamy. Though we aren’t sold on the stars being perfect lookalikes for the real royals. …

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